Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?
In: Innovation Policy and the Economy, Volume 1
AbstractThis paper suggests that innovation policy in the United States has erred by subsidizing the private sector demand for scientists and engineers without asking whether the educational system provides that supply response necessary for these subsidies to work. It suggests that the existing institutional arrangements in higher education limit this supply response. To illustrate the path not taken, the paper considers specific programs that could increase the numbers of scientists and engineers available to the private sector.
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Other versions of this item:
- Paul M. Romer, 2000. "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?," NBER Working Papers 7723, National Bureau of Economic Research, Inc.
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The Supply (In)elasticity of Graduate Labor
by dkuehn in Facts and other stubborn things on 2010-10-29 10:04:00
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